Largest Utility In U.S. Proposes Massive Rate Increase Over Four Years, Sparking Debate On Profit Margins And Customer Impact Amid Shareholder Guaranteed Profits
FPL has requested a $9 billion increase in customer rates over the next four years from the Florida Public Service Commission. The request has raised alarms among affordability advocates, who warn that it could become one of the largest rate hikes in U.S. history.